How to Trade Homebuilders Hovnanian, Toll Brothers Before Results
Homebuilders Hovnanian and Toll Brothers will give the latest glimpse into the state of housing when they report quarterly earnings before the opening bell on Wednesday.
After readings related to the housing market have come in mixed over the past month, homebuilders Hovnanian and Toll Brothers will give the latest glimpse into the state of housing when they report quarterly earnings before the opening bell on Wednesday. TheStreet's Brittany Umar breaks down expert contributor Richard Suttmeier's takes on both stocks' chart patterns and how he would advise investors to book profits and buy on weakness. Suttmeier notes that both stocks have had a tough time in 2014, but there are opportunities for investors. He reveals his belief that investors should enter 'good 'til canceled' limit orders to sell strength or buy weakness -- and at what key technical levels.
